The Real Estate Financial Planner Blueprint™
Lafayette, Louisiana 20% DP
Purchased Lafayette, Louisiana Average Property 1 Property
Bought in Month 1
We have a Rule that has you buying the Lafayette, Louisiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,244. The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 1 after we've adjusted for all the income and expenses for the entire month.
To purchase the Lafayette, Louisiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $190,800 purchase price that means you need to have $38,160 for down payment.
The total cost to close must also include the rent ready costs ($0) and closing costs ($1,908) minus any seller concessions ($0).
Description | Amount |
---|---|
Down Payment | $38,160 |
Rent Ready Costs | $0 |
Closing Costs | $1,908 |
Seller Concessions | $0 |
Total Cost To Close: | $40,068 |
The monthly rent on this Property is $874 per month.
Return in Dollars + Reserves
Property | Appreciation | Cash Flow | Debt Paydown | Cash Flow from Deprec.™ | +12 Mos Reserves @ 8% | RID+R12™ Total |
---|---|---|---|---|---|---|
$2,720 | -$7,119 | $2,407 | $1,062 | $1,348 | $418 | |
$2,495 | -$6,447 | $2,187 | $974 | $1,233 | $442 | |
Totals: | $5,215 | -$13,565 | $4,594 | $2,036 | $2,581 | $860 |
Asset Allocation
How are assets allocated? Let's first look at this month.
Copy Scenario into my Real Estate Financial Planner™ Software AccountBlueprint™ Menu of Sections
- Introduction
- Accounts
- Properties
- Rules
- Significant Events
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Bought New Dynamic Property Based On Rule Buy Property When Account Has Down Payment
- Paid Off Mortgage
- Paid Off Mortgage
- Achieved Financial Independence Goal
- Final Month Summary
Reports